Can I retire at age 61 with 2,290,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$189,106$187,422$185,778$184,174$182,608$181,609
2 years$93,617$91,873$90,184$88,545$86,956$85,949
3 years$61,791$60,040$58,355$56,732$55,169$54,183
4 years$45,882$44,136$42,467$40,872$39,347$38,391
5 years$36,338$34,603$32,956$31,394$29,911$28,988
6 years$29,978$28,256$26,634$25,106$23,667$22,778
7 years$25,437$23,729$22,133$20,641$19,248$18,393
8 years$22,033$20,340$18,770$17,315$15,968$15,147
9 years$19,386$17,710$16,167$14,749$13,447$12,660
10 years$17,270$15,611$14,095$12,713$11,458$10,705
11 years$15,540$13,897$12,409$11,065$9,854$9,134
12 years$14,100$12,473$11,012$9,705$8,539$7,852
13 years$12,882$11,272$9,839$8,568$7,446$6,791
14 years$11,838$10,246$8,840$7,606$6,528$5,903
15 years$10,935$9,360$7,982$6,783$5,747$5,153
16 years$10,146$8,588$7,236$6,073$5,080$4,515
17 years$9,450$7,909$6,585$5,457$4,504$3,968
18 years$8,832$7,308$6,011$4,918$4,005$3,496
19 years$8,279$6,773$5,503$4,444$3,569$3,088
20 years$7,783$6,294$5,050$4,025$3,188$2,733
21 years$7,334$5,863$4,645$3,653$2,853$2,423
22 years$6,927$5,472$4,281$3,321$2,557$2,151
23 years$6,556$5,118$3,953$3,025$2,296$1,912
24 years$6,216$4,796$3,656$2,759$2,063$1,702
25 years$5,904$4,500$3,386$2,519$1,857$1,516
26 years$5,616$4,230$3,140$2,303$1,673$1,352
27 years$5,350$3,981$2,916$2,108$1,508$1,207
28 years$5,104$3,751$2,711$1,932$1,361$1,078
29 years$4,875$3,539$2,523$1,771$1,229$963
30 years$4,661$3,342$2,350$1,626$1,110$861
31 years$4,462$3,159$2,191$1,493$1,004$771
32 years$4,276$2,989$2,044$1,372$908$690
33 years$4,101$2,831$1,908$1,262$822$618
34 years$3,937$2,683$1,783$1,161$744$553
35 years$3,783$2,545$1,667$1,069$674$496
36 years$3,637$2,415$1,560$984$610$444
37 years$3,500$2,294$1,460$907$553$398
38 years$3,370$2,180$1,367$836$502$357
39 years$3,247$2,073$1,281$771$455$320
40 years$3,131$1,972$1,200$711$413$287
41 years$3,020$1,877$1,126$656$374$258
42 years$2,916$1,788$1,056$605$340$231
43 years$2,816$1,704$991$559$308$208
44 years$2,721$1,624$930$516$280$186
45 years$2,630$1,549$873$477$254$167
46 years$2,544$1,477$820$440$231$150
47 years$2,462$1,410$771$407$209$135
48 years$2,383$1,346$724$376$190$121
49 years$2,308$1,285$681$347$173$109
50 years$2,236$1,228$640$321$157$98

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,290,000, adding $4,827 every year, while hoping to spend $47,310 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 34/36/30 Blend
60$2,290,000$2,290,000$2,290,000$2,290,000
61$2,528,559$2,407,189$2,371,694$2,591,485
62$2,736,135$2,474,804$2,400,808$2,707,270
63$2,963,297$2,544,146$2,429,312$2,827,506
64$3,211,995$2,615,251$2,457,136$2,956,269
65$3,484,373$2,688,152$2,484,204$3,094,352
66$3,782,793$2,762,886$2,510,439$3,242,629
67$4,109,856$2,839,486$2,535,757$3,402,062
68$4,468,429$2,917,988$2,560,072$3,573,712
69$4,861,666$2,998,427$2,583,292$3,758,745
70$5,293,043$3,080,837$2,605,320$3,958,448
71$5,766,389$3,165,253$2,626,053$4,174,235
72$6,285,920$3,251,709$2,645,385$4,407,667
73$6,856,280$3,340,240$2,663,202$4,660,461
74$7,482,587$3,430,878$2,679,386$4,934,511
75$8,170,477$3,523,657$2,693,811$5,231,903
76$8,926,159$3,618,609$2,706,347$5,554,934
77$9,756,472$3,715,766$2,716,855$5,906,137
78$10,668,952$3,815,159$2,725,189$6,288,301
79$11,671,901$3,916,818$2,731,199$6,704,502
80$12,774,465$4,020,771$2,734,724$7,158,128
81$13,986,718$4,127,047$2,735,595$7,652,913
82$15,319,763$4,235,673$2,733,638$8,192,971
83$16,785,831$4,346,672$2,728,666$8,782,837
84$18,398,396$4,460,069$2,720,487$9,427,510
85$20,172,305$4,575,886$2,708,896$10,132,497
86$22,123,918$4,694,142$2,693,682$10,903,870
87$24,271,257$4,814,854$2,674,619$11,748,319
88$26,634,182$4,938,039$2,651,476$12,673,218
89$29,234,573$5,063,707$2,624,005$13,686,695
90$32,096,542$5,191,871$2,591,951$14,797,707
91$35,246,652$5,322,536$2,555,045$16,016,127
92$38,714,176$5,455,705$2,513,004$17,352,838
93$42,531,367$5,591,380$2,465,535$18,819,832
94$46,733,764$5,729,555$2,412,328$20,430,328
95$51,360,528$5,870,224$2,353,061$22,198,897
96$56,454,809$6,013,372$2,287,396$24,141,597
97$62,064,156$6,158,983$2,214,980$26,276,127
98$68,240,961$6,307,034$2,135,442$28,621,994
99$75,042,957$6,457,498$2,048,398$31,200,701
100$82,533,762$6,610,338$1,953,442$34,035,945